Laboratory Instruments Company Waters Corp Projects Steady Growth Amid Global Sales Fluctuations: Details
Portfolio Pulse from Anusuya Lahiri
Waters Corp (NYSE:WAT) reported Q1 2024 sales of $636.8 million, surpassing analyst expectations. Despite a 7% revenue decline, adjusted EPS was $2.21, beating estimates. Sales varied by region, with a notable 18% decrease in Asia. The company expects full-year 2024 sales growth between -0.5% to +1.5% and maintains its adjusted EPS forecast. WAT shares rose 1.88% to $325.59.
May 07, 2024 | 6:55 pm
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POSITIVE IMPACT
Waters Corp exceeded Q1 2024 sales and EPS estimates, with a slight revenue decline but positive stock movement. Full-year sales and EPS forecasts remain unchanged.
Waters Corp's better-than-expected Q1 earnings and positive outlook, despite revenue declines, suggest a strong operational performance and strategic positioning. The stock's positive movement reflects investor confidence in the company's future prospects.
CONFIDENCE 90
IMPORTANCE 90
RELEVANCE 100